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Detailed statement for the Week 18 to 22 december.
The EA has no losses till now. The Interesting thing is the more profit and the more margin the EA gets, the more trades it opens. so the number of trades that are open and the profit is more or less equal all the time or its using the gained resource to double it up for more trades ahead.
The open trade would eventually close on closeDays settings.
In the present settings, im not sure, but if the EA is allowed to run for 24/7 and subsequent profit is taken out, it could be very profittable or some changes to only open trades with set amount of margin available.
All in all a very profitable concept on hedeging with firebird..we would have to watch for the whole month how it goes.
__________________
I'm waiting for the golden age 12/12/2012
In an attempt to minimize bad effect of strong up or down market movements, I have coded a new Firebird to use iFXAnalyzer as an up and down strong trend indicator. The EA will not place trades during strong up or down trends indicated by chart message "Market Trending up" or "Market Trending Down". I added a Hedge function option to place reverse trade when PipStep trade is triggered. Hedge orders have ability to increase lot size. I cleaned up the EA and now there are no warnings when compiled in MetaEditor. Other added functions are described below.
UseEquityProtection -if true, close all orders when negative Float is excessvie.
FloatPercent –percent of balance for equity protection.
UseMM-money management.
Risk-pecent of account equity to risk per trade.
MaxOpenOrders-sets maximum number of open trades at same time.
MinMarginLevel-below minimum Margin Level percent % trading stops.
CloseDays-number of days trade is open before auto closing.
LossLevel-loss amount before auto closing after Closedays.
UseHedge-if true, places reverse order with PipStep order.
HedgeLotFactor-hedge order Lots will be increased by this factor.
HedgeTakeProfit-
HedgeStopLoss-
AutoCal-if true, iRSI() calculation of TakeProfit, StopLoss and PipStep. (not hedge orders)
This Firebird, as well as most other versions, is very slow in backtest. I can assure the added EA functions work. In backtest with default settings, it performed well on eurusd. gbpusd backtest was a bit shakey, but still in profit. I have not tested other pairs. I hope it performs well in Demo and Live accounts. I found better profits when HedgeLotFactor is set between 2-4.
Warning: The success or failure of this Expert Advisor is the exclusive responsibility of the Enduser.
As requested by Michaelw, I have coded a Trade Time scheduler into latest Firebird v3.2. It is a little bit of overkill. But, it will allow to schedule up to 4 "Trading Time" zones per day and a full week's schedule to be set at one time.
If UseTradeScheduler=true, then the following applies.
Each "Trading Time" zone 1 through 4 has a Start and an End for each day.
To trade all day , set "day"...Start1=0 and "day"...End4=24. This is needed for each trading day.
To skip a full day, set "day"...Start1=0 and "day"...End4=0.
Note: EA is coded to use your Local PC Time.
Here is a Monday example.
MonTradeHourStart1 = 0; - (Trading Time zone 1 start)
MonTradeHourEnd1 = 8; - (Trading Time zone 1 end)
MonTradeHourStart2 = 10;
MonTradeHourEnd2 = 16;
MonTradeHourStart3 = 18;
MonTradeHourEnd3 = 20;
MonTradeHourStart4 = 22;
MonTradeHourEnd4 = 24;
In above schedule, EA trades from 00:00 (midnight) to 08:00, then from 10:00 to 16:00, then from 18:00 to 20:00, then from 22:00 to 24:00.
Non-Trading Time is from 08:00 to 10:00, then from 16:00 to 18:00, then from 20:00 to 22:00.
Wackena
The new functionality looks very promising.
I'm going to take a peek at the EA if you don't mind.
About the trading hours. Why not simply use a list of 24 hour inputs.
Easy to understand and very configurable.
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TraderSeven,
May the pips be with you.
This is my backtest since 01/2005.
I wanna know if is possible to insert an managemet of money, exemple: After get 100% of initial deposit, to duplicate the number of lot's.
And also if is possible to qualify trailling stop after get the objective.
Has anyone tried using keltner channels with a customizable multiplier for the keltner width?
the sma seems slow and could produce more false entries.
i'm not a programmer but i do make a living trading. take it for what it's worth.
thanks for producing this machine.
Do you or anyone else has a more configureble Keltner Channel?
No harm in taking a peek.
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TraderSeven,
May the pips be with you.
Last edited by TraderSeven; 12-24-2006 at 06:53 AM.
This Firebird, as well as most other versions, is very slow in backtest.
It's beyond my coding skills but maybe you can 'sort' the conditions on speed and how often they are used.
Check the fastest ones first. If the first check fails the other slower ones don't need to be done.
A few examples:
If you are in a trade the envelopes are of no use. So don't calculate them.
If you are already holding the max number of lots just look for exits.
If you are not trading the only intresting thing is checking if the price broke the channel.
I'm not saying you aren't already doing that. It's just a suggestion from someone with poor coding skills.
Merry Christmas to all.
__________________
TraderSeven,
May the pips be with you.
Last edited by TraderSeven; 12-24-2006 at 06:48 AM.
Re: I wish you Merry Christmas!
Linear Mode
